Course in Catastrophe-Linked Capital Markets
Online 300-hour course in catastrophe-linked capital markets. 6 modules covering Directive 2009/138/EC (Solvency II), Article 211 special purpose vehicles, Implementing Regulation (EU) 2015/462 and Moody’s RMS Risk Modeler. Assigned tutor and open enrolment.
Course in Catastrophe-Linked Capital Markets — studying from India
India's insurance market is expanding, with life and general insurers, reinsurers and technology providers based in Mumbai, Delhi NCR, Chennai and Hyderabad. The Insurance Regulatory and Development Authority of India regulates the sector, and the Life Insurance Corporation of India and General Insurance Corporation of India are prominent public players. Insurers increasingly use data analytics, telematics and risk modelling, creating demand for actuarial and data professionals. Engineers and analysts in this area build pricing models, underwriting tools and risk assessment platforms for motor, property and health insurance.
Fees for India: ₹84,500 (Indian Rupee), with instalments and employer sponsorship available.
Relevant bodies in India
Typical roles
Questions from India
Is there a recognised actuarial or risk professional body in India for this area?
The main professional body for actuaries in India is the Institute of Actuaries of India (IAI), and insurers are regulated by IRDAI. SEIUM's qualifications are private and not accredited by any national body, so they do not give you IAI membership or any official status. Check the IAI's own exam and membership requirements before deciding.
Which employers in India hire for insurance, risk and actuarial data roles?
Life and general insurers, reinsurers, banks, consultancies and risk analytics teams hire for data and risk roles. Employers set their own hiring standards and decide how much weight to give a private qualification. Practical experience with data and modelling usually matters a great deal, so the course is best viewed as one part of your profile.
How is the programme delivered and how is it paid for in India?
The programme is delivered entirely online in English, so you can study from home with no student visa needed. Each student has an assigned technical tutor and completes a final project. Fees are payable in instalments, and employer sponsorship is possible, which many working professionals use to manage cost alongside their job.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Explain the transfer of catastrophe risk to the capital markets.
Describe the structure of a catastrophe bond and its components.
Compare indemnity, parametric and index triggers.
Interpret catastrophe models and exceedance probability curves.
Value a tranche and its spread against expected loss.
Analyse the regulatory and accounting treatment of the instruments.
Structure a risk transfer transaction.
Who it's for
- Insurance-linked securities (ILS) analyst who wants to specialise in catastrophe-linked capital markets.
- Catastrophe bond fund manager who wants to specialise in catastrophe-linked capital markets.
- Catastrophe modeller who wants to specialise in catastrophe-linked capital markets.
- Risk transfer structurer who wants to specialise in catastrophe-linked capital markets.
- Reinsurance capital manager who wants to specialise in catastrophe-linked capital markets.
- Market risk analyst who wants to specialise in catastrophe-linked capital markets.
- Engineering or science graduates looking to enter alternative capital.
What you'll work with
- Directive 2009/138/EC (Solvency II), Article 211 special purpose vehicles
- Implementing Regulation (EU) 2015/462
- Delegated Regulation (EU) 2015/35
- Bermuda Insurance Act 1978
- Rule 144A (US Securities Act)
- IFRS 17
- IFRS 9
6 modules · 300 h
1.1Why turn to the capital markets1.2Additional capacity compared with reinsurance1.3Available instruments and their evolution1.4Investors and their motivations1.5Correlation with financial markets1.6Role of catastrophe models1.7Industry vocabulary and acronyms1.8Market size and maturity1.9Advantages and disadvantages compared with reinsurance1.10Exercise: comparing reinsurance and the capital markets
2.1Typical structure of the issue2.2Special purpose vehicle2.3Collateral and its management2.4Triggers: indemnity, parametric and index2.5Basis risk by trigger type2.6Risk period and extension2.7Rating of the issue2.8Documentation and transaction costs2.9Secondary market and liquidity2.10Practice: designing the structure of an issue
3.1Collateralised reinsurance3.2Industry loss instruments3.3Portfolio quota shares3.4Sidecars3.5Weather derivatives3.6Longevity and mortality bonds3.7Reinsurance vehicles with investors3.8Comparison of cost and flexibility3.9Criteria for selecting the instrument3.10Practice: choosing the instrument for a case
4.1Catastrophe models and their role4.2Probability of trigger and of loss4.3Expected loss and its estimation4.4Risk premium required by investors4.5Sensitivity to model assumptions4.6Independent model review4.7Uncertainty and its communication4.8Effect of climate change on valuation4.9Comparison with the price of reinsurance4.10Practice: simplified valuation of an issue
5.1Effective risk transfer and its testing5.2Treatment in solvency capital5.3Accounting treatment of the transaction5.4Applicable securities regulation5.5Jurisdiction of the vehicle and its supervision5.6Anti-money laundering and due diligence5.7Investor relations and reporting5.8Event and payment management5.9Renewal and programme continuity5.10Practice: transfer and capital analysis
6.1Choice of portfolio and risk6.2Analysis of exposure and model6.3Choice of instrument6.4Design of structure and trigger6.5Valuation and comparison with reinsurance6.6Regulatory and accounting analysis6.7Transaction execution plan6.8Monitoring indicators6.9Project report6.10Defence of the work
How you'll learn
100% online training on the SEIUM Institute campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: students progress at their own pace within the intake, which makes it possible to combine study with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Moody’s RMS Risk Modeler, Verisk Touchstone, Bloomberg Terminal, R, in free, academic or evaluation versions. Case studies are based on real procedures for analysing catastrophe bond prospectuses, valuing tranches with exceedance probability curves and comparing triggers. Assessment is continuous per module plus the final integrative project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Explain the transfer of catastrophe risk to the capital markets.
Describe the structure of a catastrophe bond and its components.
Compare indemnity, parametric and index triggers.
Interpret catastrophe models and exceedance probability curves.
Value a tranche and its spread against expected loss.
Where this takes you
Requirements
- No prior degree required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient Spanish to read technical regulatory texts.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 300 hours, spread over 3 to 5 months. That is between 10 and 15 hours per week on average, compatible with a full-time job.
Work is carried out with Moody’s RMS Risk Modeler, Verisk Touchstone, Bloomberg Terminal, R. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
A SEIUM Institute own diploma upon passing continuous assessment and the integrative project. It is in-house training, not an official qualification from the Ministry.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised towards the advanced programme. Check the recognition policy when you enrol.
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